Job Description
The Role Responsibilities
Job Purpose
• Drive a performance management framework, linking Cost to drivers / non-financial KPIs, driving cost efficiency and investment capacity.
• Designing and publishing insightful Cost MI that helps the business to accurately manage and forecast and deliver the cost agenda.
• Focus on Global Product, Sub-Segments, Regions and Countries for Cost agenda input into RoTE by businesses.
• Create a 5-year Cost strategy agenda aligned with Business RoTE, delivered in the 5-year Corporate Plan.
• Build strong partnerships with stakeholders, with excellent communication skills.
Key Responsibilities
This role is responsible for providing Finance performance management, analytics, reporting and controllership, for Cost.
• Supporting CCIB CFOs / COOs / HR Heads in relation to Cost performance management. With a focus on Cost, BAU items, Strategic Initiatives, Investment Spend and Productivity delivery. Managing cost and headcount, articulating performance with non-financial KPIs and accurate forecasting. Focus on Qtly IMS management and reporting. Managing YoY and Budgeted performance deltas.
• Ensure the timely and accurate delivery of performance management reporting. Actual performance, monthly outlook, accurate FY outlook forecast, commentaries, Cost / FTE scorecard tracking, strategic initiative support for both hires and projects (Opex / Capex) and drive process simplification, accuracy, timeliness, and automation.
• Deliver insightful and actionable Analytics. Covering efficiency, cost investment opportunities, returns as well as identifying and articulating key risks to senior management to drive decision making.
• Drive the successful delivery of the business 5-year Corporate Plan. Clearly defining the cost strategy and financial modelling of this, linking income, cost avoidance with investments.
• Work with CCIB Regional and Country Finance to convey and deliver the CCIB Cost agenda. Ensuring consistent messaging and actions.
• Ideate opportunities that will lead to hard dollar cost saves within the business and help meet and/or deliver forecasts below budget.
• Challenge business on incremental cost asks with comfort on level of detail that support overall business objectives to justify spend.
Key Relationships
Internal
• CCIB Global / Regional / Country Business Heads
• CCIB Regional / Country Business Finance
• CCIB offshore finance team in Bangalore
• CCIB CFOs / COOs / HR Heads
• CCIB Finance Cost Team
• Group Finance Team
External
• Auditors
• Consultants
• Benchmarking providers
Our Ideal Candidate
• Bachelor's degree qualified with at least 10 years of relevant experience in large multinational companies, preferably in the financial services sector
• 10 years of relevant experience in large multinational companies in the financial services sector, preferably supporting Cost management.
• Solid interpersonal skills, with the ability to develop strong stakeholder relationships, anticipate business requirements, manage demand and delivery, keeping business heads informed.
• Commercial acumen and understanding of Financial Services specific to Banking. Banking product knowledge is preferable - Coverage, Financial Markets, Transaction Banking.
• Knowledge of unit costing, Product / Segment / Geographical cost management, with equitable allocations.
• Strong communication skills, with the ability to present relevant analysis concisely and confidently.
• Excellent analytical skills, with the ability to navigate and analyse large data sets.
• Experience in operating within large virtual teams across locations.
• Extensive experience with Microsoft Excel and PowerPoint.
• Relevant accounting qualification (such as CIMA / ACCA)
Career Development
If you're a bright mind with big ambitions, we'll actively encourage you to fulfil your potential. Thanks to our rich and varied international footprint, we can offer exciting opportunities working across different countries and cultures across Finance. Apply Now and take the next step in fulfilling your potential.
Role Specific Technical Competencies
• A strong control environment, ensuring robust measures to address material risk procedures
• Proven analytical individual, continually seeking to challenge and improve performance
• A strong financial performance background and ability to accurately forecast
• Strong collaboration skills with the business and finance community
• Optimal process ownership, making activities simpler, faster, better
• Commercializing automated dashboards with drill down capability
• Strong banking knowledge
About Standard Chartered
We're an international bank, nimble enough to act, big enough for impact. For more than 160 years, we've worked to make a positive difference for our clients, communities, and each other. We question the status quo, love a challenge and enjoy finding new opportunities to grow and do better than before. If you're looking for a career with purpose and you want to work for a bank making a difference, we want to hear from you. You can count on us to celebrate your unique talents. And we can't wait to see the talents you can bring us.
Our purpose, to drive commerce and prosperity through our unique diversity, together with our brand promise, to be here for good are achieved by how we each live our valued behaviours. When you work with us, you'll see how we value difference and advocate inclusion. Together we:
• Do the right thing and are assertive, challenge one another, and live with integrity, while putting the client at the heart of what we do
• Never settle, continuously striving to improve and innovate, keeping things simple and learning from doing well, and not so well
• Be better together, we can be ourselves, be inclusive, see more good in others, and work collectively to build for the long term
In line with our Fair Pay Charter, we offer a competitive salary and benefits to support your mental, physical, financial and social wellbeing.
• Core bank funding for retirement savings, medical and life insurance, with flexible and voluntary benefits available in some locations
• Time-off including annual, parental/maternity (20 weeks), sabbatical (12 weeks maximum) and volunteering leave (3 days), along with with minimum global standards for annual and public holiday, which is combined to 30 days minimum
• Flexible working options based around home and office locations, with flexible working patterns
• Proactive wellbeing support through Unmind, a market-leading digital wellbeing platform, development courses for resilience and other human skills, global Employee Assistance Programme, sick leave, mental health first-aiders and all sorts of self-help toolkits
• A continuous learning culture to support your growth, with opportunities to reskill and upskill and access to physical, virtual and digital learning
• Being part of an inclusive and values driven organisation, one that embraces and celebrates our unique diversity, across our teams, business functions and geographies - everyone feels respected and can realise their full potential.
Recruitment assessments - some of our roles use assessments to help us understand how suitable you are for the role you've applied to. If you are invited to take an assessment, this is great news. It means your application has progressed to an important stage of our recruitment process.
Visit our careers website
Job Purpose
• Drive a performance management framework, linking Cost to drivers / non-financial KPIs, driving cost efficiency and investment capacity.
• Designing and publishing insightful Cost MI that helps the business to accurately manage and forecast and deliver the cost agenda.
• Focus on Global Product, Sub-Segments, Regions and Countries for Cost agenda input into RoTE by businesses.
• Create a 5-year Cost strategy agenda aligned with Business RoTE, delivered in the 5-year Corporate Plan.
• Build strong partnerships with stakeholders, with excellent communication skills.
Key Responsibilities
This role is responsible for providing Finance performance management, analytics, reporting and controllership, for Cost.
• Supporting CCIB CFOs / COOs / HR Heads in relation to Cost performance management. With a focus on Cost, BAU items, Strategic Initiatives, Investment Spend and Productivity delivery. Managing cost and headcount, articulating performance with non-financial KPIs and accurate forecasting. Focus on Qtly IMS management and reporting. Managing YoY and Budgeted performance deltas.
• Ensure the timely and accurate delivery of performance management reporting. Actual performance, monthly outlook, accurate FY outlook forecast, commentaries, Cost / FTE scorecard tracking, strategic initiative support for both hires and projects (Opex / Capex) and drive process simplification, accuracy, timeliness, and automation.
• Deliver insightful and actionable Analytics. Covering efficiency, cost investment opportunities, returns as well as identifying and articulating key risks to senior management to drive decision making.
• Drive the successful delivery of the business 5-year Corporate Plan. Clearly defining the cost strategy and financial modelling of this, linking income, cost avoidance with investments.
• Work with CCIB Regional and Country Finance to convey and deliver the CCIB Cost agenda. Ensuring consistent messaging and actions.
• Ideate opportunities that will lead to hard dollar cost saves within the business and help meet and/or deliver forecasts below budget.
• Challenge business on incremental cost asks with comfort on level of detail that support overall business objectives to justify spend.
Key Relationships
Internal
• CCIB Global / Regional / Country Business Heads
• CCIB Regional / Country Business Finance
• CCIB offshore finance team in Bangalore
• CCIB CFOs / COOs / HR Heads
• CCIB Finance Cost Team
• Group Finance Team
External
• Auditors
• Consultants
• Benchmarking providers
Our Ideal Candidate
• Bachelor's degree qualified with at least 10 years of relevant experience in large multinational companies, preferably in the financial services sector
• 10 years of relevant experience in large multinational companies in the financial services sector, preferably supporting Cost management.
• Solid interpersonal skills, with the ability to develop strong stakeholder relationships, anticipate business requirements, manage demand and delivery, keeping business heads informed.
• Commercial acumen and understanding of Financial Services specific to Banking. Banking product knowledge is preferable - Coverage, Financial Markets, Transaction Banking.
• Knowledge of unit costing, Product / Segment / Geographical cost management, with equitable allocations.
• Strong communication skills, with the ability to present relevant analysis concisely and confidently.
• Excellent analytical skills, with the ability to navigate and analyse large data sets.
• Experience in operating within large virtual teams across locations.
• Extensive experience with Microsoft Excel and PowerPoint.
• Relevant accounting qualification (such as CIMA / ACCA)
Career Development
If you're a bright mind with big ambitions, we'll actively encourage you to fulfil your potential. Thanks to our rich and varied international footprint, we can offer exciting opportunities working across different countries and cultures across Finance. Apply Now and take the next step in fulfilling your potential.
Role Specific Technical Competencies
• A strong control environment, ensuring robust measures to address material risk procedures
• Proven analytical individual, continually seeking to challenge and improve performance
• A strong financial performance background and ability to accurately forecast
• Strong collaboration skills with the business and finance community
• Optimal process ownership, making activities simpler, faster, better
• Commercializing automated dashboards with drill down capability
• Strong banking knowledge
About Standard Chartered
We're an international bank, nimble enough to act, big enough for impact. For more than 160 years, we've worked to make a positive difference for our clients, communities, and each other. We question the status quo, love a challenge and enjoy finding new opportunities to grow and do better than before. If you're looking for a career with purpose and you want to work for a bank making a difference, we want to hear from you. You can count on us to celebrate your unique talents. And we can't wait to see the talents you can bring us.
Our purpose, to drive commerce and prosperity through our unique diversity, together with our brand promise, to be here for good are achieved by how we each live our valued behaviours. When you work with us, you'll see how we value difference and advocate inclusion. Together we:
• Do the right thing and are assertive, challenge one another, and live with integrity, while putting the client at the heart of what we do
• Never settle, continuously striving to improve and innovate, keeping things simple and learning from doing well, and not so well
• Be better together, we can be ourselves, be inclusive, see more good in others, and work collectively to build for the long term
In line with our Fair Pay Charter, we offer a competitive salary and benefits to support your mental, physical, financial and social wellbeing.
• Core bank funding for retirement savings, medical and life insurance, with flexible and voluntary benefits available in some locations
• Time-off including annual, parental/maternity (20 weeks), sabbatical (12 weeks maximum) and volunteering leave (3 days), along with with minimum global standards for annual and public holiday, which is combined to 30 days minimum
• Flexible working options based around home and office locations, with flexible working patterns
• Proactive wellbeing support through Unmind, a market-leading digital wellbeing platform, development courses for resilience and other human skills, global Employee Assistance Programme, sick leave, mental health first-aiders and all sorts of self-help toolkits
• A continuous learning culture to support your growth, with opportunities to reskill and upskill and access to physical, virtual and digital learning
• Being part of an inclusive and values driven organisation, one that embraces and celebrates our unique diversity, across our teams, business functions and geographies - everyone feels respected and can realise their full potential.
Recruitment assessments - some of our roles use assessments to help us understand how suitable you are for the role you've applied to. If you are invited to take an assessment, this is great news. It means your application has progressed to an important stage of our recruitment process.
Visit our careers website
💡 Quick Summary
Seeking a career-building opportunity? The VP | CCIB Finance Cost Role position is now open for candidates interested in the Bank Jobs sector. This role in Chennai offers a professional environment and growth potential.
Requirement Snapshot: Candidates should possess basic communication skills, a proactive attitude, and the ability to work in a team. Experience in Bank Jobs is a plus.
